Brief: Teaminvest Private Group Updates On Coastal Energy

Teaminvest Private

12/04/2021 02:10

April 12 (Reuters) - Teaminvest Private Group Ltd  TIP.AX :
    * UPDATE ON COASTAL ENERGY
    * ENERGEX CORPORATION HAS SUSPENDED CO'S ACCREDITATION AS A
RATED
SERVICES PROVIDER
    * SUSPENSION DUE TO ENERGEX ALLEGING AREAS OF NON-COMPLIANCE
WITH
ITS TERMS AND CONDITIONS
    * AS A RESULT, MANAGEMENT OF COASTAL ENERGY UNDERTAKEN
DECISION TO
STAND DOWN WORKFORCE
    * COASTAL ENERGY IS PROHIBITED FROM UNDERTAKING ANY
CONSTRUCTION
OR RECTIFICATION WORKS ON ENERGEX NETWORK
    * TAKING ACTIVE STEPS TO ADDRESS ENERGEX'S CONCERNS

Source text for Eikon:  ID:nASX7Bh0nx 
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